In the same way that Uber replaced traditional taxi services, Bookie will eliminate the need for traditional bookies in their sports betting

Sports and Politics

... will make the disruption betting exchanges caused to gambling and racing seem like nothing

Racing Post

The application of blockchain in sports-betting looks to be incredibly disruptive.

GamCrowd

A Betting Revolution

The revolutionary idea for Bookie can be traced back to a meeting in early 2016 between two pioneers with quite different backgrounds. One was a professional sports bettor dreaming of a betting exchange that could provide a fair and sustainable future for its users. The other, a technology visionary looking to use third generation blockchains to bring 100% provably fair online gambling to everybody, no matter where in the world they lived.

In the following weeks, their discussions led to planning, and planning led to development. Soon, a revolutionary new sports betting platform began to emerge. At its core: a betting exchange built directly on top of a blockchain.

How does it work? Bookie is a global, decentralized sports betting exchange. Bookie is built on the Peerplays Blockchain, which means it is freely available to all sports bettors with no geographical restrictions. It also offers extraordinarily low commission rates, and does not penalize bettors who are lucky enough to earn continual long-term profits.

Bookie also boasts 100% real-time market transparency - a boon for punters concerned about fairness in today’s online gambling world. Because Bookie uses blockchain technology, punters do not need to disclose any personal information to create an account, and can instantly deposit and withdraw funds from anywhere in the world.

Check out our FAQs for more information on Bookie. If you’d like to receive updates and announcements on Bookie as soon as they occur, just submit an email address using the form at the bottom of this website.

Why Bookie?

A revolution in sports betting

Bookie is the first truly global betting exchange. Using a decentralized blockchain foundation, Bookie has been built to address three key challenges in sports betting today:

How to open up access to sports betting regardless of where users happen to reside?

How to guarantee sports bettors the best value possible?

How to safeguard sports against betting-related corruption?

Global

Bookie gives you access to a single global betting market.

Sign-up, deposit, bet, and withdraw from anywhere in the world.

Fair

With no single company in control, we can all help decide how Bookie treats bettors:

Best PricesLowest Commission %Winners Always Welcome

SPORTS INTEGRITY

Transparency is built in to Bookie. All bets are publicly visible as soon as they are placed, so sports governing bodies can target betting-related corruption as and when it occurs.

Bookie is a betting exchange where people from all over the world can bet on sports.

How is Bookie different from a regular sportsbook?

When you bet with a sportsbook, your wager is matched by the “house” (the sportsbook operator). If you win this bet, this sportsbook operator pays you directly.
Bookie has no house. Instead, Bookie matches your bet with other users who want to bet against you.

Who owns Bookie?

No single person, company, or central authority owns Bookie. The Bookie betting exchange is an application that interfaces with the Peerplays blockchain. The holders of Peerplays blockchain tokens (called ‘PPY’) are in charge of voting to maintain consensus about the management of the network.

What is a blockchain?

A blockchain is a digital database managed by a decentralized collective of digital stakeholders.
Blockchains use advanced cryptographic techniques to securely record your transactions on a public network. Bookie runs on the Peerplays blockchain, which is custom-built to support online gambling.

How does the Bookie betting exchange work?

A betting exchange is similar to a stock exchange. A stock exchange matches orders between anyone who wants to buy and sell stocks. A betting exchange matches the orders between anyone who wants to place or take bets.

How do I find someone to bet with?

Bookie automatically matches bets between you and other users from around the world. All you have to do is choose a sport and event to bet on, tell Bookie how much you want to bet, and post the funds to cover your bet. Bookie takes care of the rest - matching your bet at best available price, holding all funds in escrow, and then releasing the funds to the winner when the sports event is finished.

How is Bookie different from other betting exchanges?

Traditional betting exchanges operate the software which matches your bets on a centralized server. On Bookie, the software that matches your bets operates on a public blockchain. This makes Bookie transparent and accessible from every country on Earth.

Is there a charge for me to bet with Bookie?

Yes. Bookie charges users commission on all successful bets placed. Bookie's commission rate will be the lowest in the industry.

Will Bookie restrict my account if I win too much?

No. Bookie does not close or limit the accounts of users, unlike many sportsbooks and betting exchanges. Bookie welcomes winners!

What currencies can I bet with on Bookie?

Bookie is capable of accepting all digital currencies, but since Bitcoin is the most widely traded and liquid digital currency right now, Bookie will be launched as a “Bitcoin-only” desktop application.

Where do Bookie’s revenues go?

All profits generated by Bookie are paid out at regular intervals to anyone who holds PPY tokens.

How can I become a PPY Token holder and share in the profits from Bookie?

The Peerplays crowdfund, where PPY tokens were available for purchase, closed on May 14th 2017. We expect PPY tokens to be available for trading on a number of exchanges after the launch of the Peerplays blockchain on May 30th.

Can I use Bookie now?

Not quite yet! Bookie launches in Q1 2018. Be sure to stay updated on all Bookie developments.

Can I use Bookie on my mobile?

The Bookie mobile app will launch in the second half of 2018. Bookie will first be made available as a desktop application, launching in Q1 2018.

Who is the team behind Bookie?

The development of Bookie has been supported by the Peerplays Blockchain Standards Association (PBSA), a non-profit organization based in Canada and dedicated to promoting transparent and fair gaming standards for the Peerplays blockchain.